The TZA P&F has a High Pole Warning. From stockcharts site: "The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future." TZA remains above Ichimoku cloud but has red Elder bar. Blue MA>Red MA which is bullish for TZA. Short MACD and falling positive Aroon Oscillator look consolidative. TZA remains in Stage 2 on equivolume chart...however it is currently consolidating by CCI (absolute<100) and Aroon (declining parallel lines). Looks like a 4th wave. Daily 3LB & Kagi remain bullish for TZA (not pictured). Renko has now gone bullish for TZA.
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